Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

AlKhair Capital manages Dar Al-Arkan sukuk's last listings  Join our daily free Newsletter

MENAFN - Arab News - 08/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) AlKhair Capital Dubai has claimed success in managing the last listing of sukuk by Saudi property developer Dar Al-Arkan Real Estate & Development Company.

AlKhair Capital Dubai was the financial adviser for the sukuk listings program on Nasdaq Dubai with a total value of 1.15 billion.

The sukuk program in dollars included a 400 million listing the third tranche which was issued last month and orders opened on May 20 2014. The earlier listings included 300 million sukuk issued in November 2013 and a 450 million sukuk issued in May 2013.

The third tranche was issued for five years and will mature on May 28 2019 at a coupon rate of 6.50 percent.

'We are excited about the overwhelming response to the sukuk listings for Dar Al-Arkan from regional and international investors. The company's fundamentals are strong and the market has responded positively to the sukuk ofring. This is yet another testimony to the strengths of our business at AlKhair Capital and our relentless pursuit to exceed the expectations of our partners and clients" said Khalid Al-Mulhim CEO of AlKhair Capital.


He added: 'The burgeoning demand for sukuk instruments especially in Dubai is an encouraging sign of the market demand and irrespective potential. We are confident that AlKhair Capital will be able to add value to the industry as a whole with our expertise and specific know-how in this field."

AlKhair Capital announced the opening of its branch at the Dubai International Financial Centre (DIFC) in April this year following the official approval and license from the Dubai Financial Services Authority (DFSA).

The company thus became the first Saudi investment company registered and licensed by the Capital Market Authority in Saudi Arabia to receive a DFSA license to operate in DIFC.


 


Arab News




  MENA News Headlines
 Jun 30 2016 - Qatar Chamber and Ooredoo sign cooperation dealMENAFN
(MENAFN) Ooredoo and Qatar Chamber signed a collaboration deal that will make both sides work jointly to better represent Qatar's business community and support its 2030 National Vision.Moreover, ...

 Jun 30 2016 - Egypt cancels USD140mn loan to upgrade airport projectMENAFN
(MENAFN) Egypt has cancelled an USD140mn loan signed with the African Development Bank (AFDB) to upgrade Sharm El-Sheikh airport.However, the continued drop in tourism for Sharm El-Sheikh obliged the ...

 Jun 30 2016 - Qatar's investment in UK touches USD 41.15bnMENAFN
(MENAFN) Qatar's investment in the UK reached almost USD 41.15bn, which is predicted to increase more in the coming years as it will face the economic challenges.However, the fall in global energy ...

 Jun 30 2016 - Egypt's non-petroleum exports post USD8.4bnMENAFN
(MENAFN) Egyptian non-petroleum exports increased to USD8.4bn among the first five months of this year, marking 3 percent growth.Accordingly, the country's exports to EU states registered almost ...

 Jun 30 2016 - UAE's private wealth to post USD1tr by 2020MENAFN
(MENAFN) Private wealth in the UAE is predicted to record an annual growth rate of 14.1 percent to reach almost USD1tr by 2020.Meanwhile, the growth was driven basically by cash and deposits, whereas ...

 Jun 30 2016 - Kuwait Karate Federation holds meetArab Times
(MENAFN - Arab Times) Kuwait Karate Federation recently held its general assembly meeting during which it approved the administrative and financial reports for the fiscal year of 2015/2016 as well as ...

 Jun 30 2016 - Kuwait- Bolshoi stands out as Russia's theatrical minaretKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Photo feature by Adib Al-Sayed MOSCOW, June 30 (KUNA) -- The historic Bolshoi Theater in Russia, built in 1776, had to be reconstructed due to a huge fire that ...

 Jun 30 2016 - Death toll of Ataturk Airport attack climbs to 42Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISTANBUL, June 30 (KUNA) -- Death toll of Tuesday''s triple attack on Ataturk Airport has risen to 42, Ekhlas news agency said on Thursday. It quoted medical ...

 Jun 30 2016 - French FM urges reinforced cooperation against terrorismKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, June 30 (KUNA) -- In the wake of the deadly terror attack in Istanbul''s Ataturk airport on Tuesday night, French Foreign Minister Jean-Marc Ayrault on ...

 Jun 30 2016 - Dates, Al-Safat, Al-Manakh.. Traditional Kuwaiti marketsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) By Isra Ali KUWAIT, June 30 (KUNA) -- The Dates, Al-Safat, Al-Manakh, and Al-Ferrdah markets were vital business hubs which steered Kuwait''s economic growth in ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help